ContractsProf Blog

Editor: D. A. Jeremy Telman
Valparaiso Univ. Law School

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Monday, April 21, 2008

Breaking 19th-Century News

Tampa National Public Radio reports that a 77-year-old Tampa woman is suing the city for its failure to repay a $300 loan made by her great-grandfather to the City of Tampa during the Civil War.  Assuming 147 years of interest at 8% per annum, the plaintiff figures she is owed $23 million. 

The past is passed, says Tampa (pictured), citing the statute of limitations, the demise of the currency in which plaintiff's great-grandfather was to be paid, and Section 4 of the 14th Amendment to the U.S. Constitution. Tampa also notes that the City of Tampa that incurred the debt dissolved in bankruptcy.  The current City of Tampa was founded years later.   

[Jeremy Telman]

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